VOL. 126 | NO. 15 | Monday, January 24, 2011
First Tennessee Bank’s parent company swung to a loss in the fourth quarter, a reversal the company attributed to its exit from the federal government’s emergency bank industry rescue program established in 2008.

MERI moves to forefront for medical training
The Medical Education & Research Institute has evolved into one of the elite medical training facilities in the country. The center’s list of faculty and students reads like a “Who’s Who” of medicine from all over the world.
Ruth Johnson didn’t know exactly what she was getting herself into when she heard that the University of Tennessee Health Science Center in Memphis was looking for actors to portray patients.
Longtime Memphis cardiologist Dr. Frank McGrew with the Stern Cardiovascular Center remains at the forefront of clinical cardiology research.
Challenged by size, location and a national shortage of pharmacists, many rural hospitals often find themselves unable to administer new prescriptions to patients overnight, when their internal pharmacies shut down.
The Tennessee Press Association is campaigning to keep public records listings in print newspapers like The Daily News and sister publication The Memphis News.
Shelby County commissioners vote Monday on delivering $22 million in county incentives for the Electrolux plant and on a new economic development entity to improve on the system for luring companies like Electrolux to the city.
As we saw in last week’s column, staying in business happens less often than going out of business. A business going out is one of the saddest things there is and among the most destructive. What can you do to help prevent this? Here are, in my mind, are 11 absolutes:
Last week we talked about the Memphis Child Advocacy Center and ways you can partner with them to help children who have been abused. This week let us look at how we can help shape our community and future leaders through scholarships.
GOVERNMENT AGENDA
The Shelby County Commission will meet Monday at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.
THE MEMPHIS NEWS
It started with a phone call.
Any good economic development plan is forged by hard work, but a little luck and some good timing don’t hurt, either.
The next generation of Memphis artists will have a chance to express themselves in a youth-filled exhibition that has opened at the Dixon Gallery and Gardens.
John Condy’s interest in food and wine was piqued years ago when he worked at Captain Bilbo’s, once a mainstay of Downtown dining and dancing but long gone. Readers who remember Bilbo’s will understand that it’s a far cry from that rowdy purveyor of seafood on Wagner Place to the elegance and creativity of Erling Jensen: The Restaurant in East Memphis, yet that’s where Condy, 45, presides as wine manager.
Normally, if someone offered me a Champagne cocktail, I would turn aside and quietly go my way. Why waste a good dose of fine bubbly when it would be just as easy to sip a chaste, bracing Martini?
REGIONAL
JACKSON, Miss. (AP) — The Mississippi Senate approved a bill Friday that would let payday lenders continue operating and reduce consumers' rates.
NATIONAL BUSINESS
NEW YORK (AP) – Shares of SunTrust Banks Inc. advanced Friday after the Southern regional bank handily beat Wall Street expectations with its second consecutive quarterly profit.
NEW YORK (AP) – Bank of America Corp. reported a loss of $1.6 billion Friday after its costs related to soured home loans increased.
WASHINGTON (AP) – The nation's labor unions saw another steep decline in membership last year, even as the economy showed signs of recovery and job losses slowed.
NATIONAL POLITICS
SCHENECTADY, N.Y. (AP) – President Barack Obama says "putting the economy into overdrive" is a top priority, even as a new poll showed the public giving him poor marks in this area.